AFB (Alliancebernstein National Muni Fd) Scaled Net Operating Assets: 0.81 (As of Apr. 2026)


AFB Alliancebernstein National Muni Inc Fd AFB
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What is Alliancebernstein National Muni Fd Scaled Net Operating Assets?

Alliancebernstein National Muni Fd AFB -0.09% 30 Scaled Net Operating Assets is 0.81 as of Apr. 2026. GuruFocus rates AFB with a GF Score™ of 30/100. The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Alliancebernstein National Muni Fd's operating assets for the quarter that ended in Apr. 2026 was $578.12 Mil. Alliancebernstein National Muni Fd's operating liabilities for the quarter that ended in Apr. 2026 was $100.67 Mil. Alliancebernstein National Muni Fd's Total Assets for the quarter that ended in Oct. 2025 was $588.41 Mil. Therefore, Alliancebernstein National Muni Fd's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.81.

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Alliancebernstein National Muni Inc Fd AFB
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Alliancebernstein National Muni Fd Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Alliancebernstein National Muni Fd's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(588.414-105.478)/605.773
=0.80

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=588.414 - 0
=588.414

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=237.603 - 132.125 - 0
=105.478

Alliancebernstein National Muni Fd's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(578.118-100.672)/588.414
=0.81

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=578.118 - 0
=578.118

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=232.797 - 132.125 - 0
=100.672

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.81 mean?
Alliancebernstein National Muni Fd (AFB) has a Scaled Net Operating Assets of 0.81 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Alliancebernstein National Muni Fd and its competitors.
Is Alliancebernstein National Muni Fd's Scaled Net Operating Assets too high?
Alliancebernstein National Muni Fd's current Scaled Net Operating Assets is 0.81. Overall, Alliancebernstein National Muni Fd has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Alliancebernstein National Muni Fd's Scaled Net Operating Assets compare to RFMZ and PPT?
Alliancebernstein National Muni Fd's Scaled Net Operating Assets of 0.81 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Alliancebernstein National Muni Fd and its competitors. Alliancebernstein National Muni Fd's current Scaled Net Operating Assets is 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliancebernstein National Muni Fd stock overvalued right now?
Alliancebernstein National Muni Fd (AFB) has a current Scaled Net Operating Assets of 0.81. The current Scaled Net Operating Assets is 0.81. Alliancebernstein National Muni Fd's overall GF Score™ is 30/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Alliancebernstein National Muni Fd (AFB), the current Scaled Net Operating Assets is 0.81 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Alliancebernstein National Muni Fd Business Description

Address 66 Hudson Boulevard East, New York, NY, USA, 10005
Alliancebernstein National Muni Inc Fd is a diversified, closed-end management investment company. It seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax.
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